Briefly.In Oklahoma

Briefly.In Oklahoma

Article excerpt

Tierco Deal Terminated

The proposed sale of Tierco Group Inc.'s entire holdings of
securities of FPA Corp. has been terminated, Oklahoma City-based
Tierco announced Friday.

Tierco holds 1,047,247 shares of the common stock of FPA, or
approximately 26 percent of the outstanding common stock, and
warrants to purchase an additional 1,053,200 shares of the common
stock ofFPA.

Tierco had agreed to sell these to Marvin Orleans, who recently
died.

Williams Expands Department

TULSA - The Williams Companies has reorganized and expanded its
law department, which will assume some functions previously performed
for the company by outside legal counsel, J. Furman Lewis, senior
vice president and general counsel, has announced Friday.

The department now includes three component staffs which have been
assigned responsibilities for legal aspects of The Williams
Companies' various businesses.

The three components will be headed by three associate general
counsels.

They are:

- W.J. "Bill" Collingsworth, who is joining Williams from the
Tulsa law firm of Hall, Estill, Hardwick, Gable, Collingsworth &
Nelson, and whose unit will be responsible for Williams' subsidiaries
other than natural gas pipelines.

A tender offer for the common shares of First Data Management Co.
of Oklahoma city has been extended by CM Acquisition Co., according
to First Data.

CM Acquisition commenced the tender offer Oct. 2 to purchase
1,822,100 shares of First Data Management common stock at $10 per
share net to the seller in cash.

CM Acquisition advised First Data that its tender offer, which was
originally scheduled to expire at midnight on Oct. 30, 1986, will now
expire Nov. 14.

The tender offer is conditioned upon, among other things, First
Data's having entered into a data processing contract with Central
Bank, the principal banking subsidiary of Central Banking System Inc. …